Payday lenders and Indian Tribes

John Nyhan, a California attorney for two Indian tribes told the newspaper that the lenders “have immunity” from state laws.  

West Virginia does not agree.  “A suit in West Virginia settled last fall closed the accounts of nearly 1,000 customers and reached agreements with lenders affiliated with the Miami and Modoc tribes of Oklahoma and the Santee Sioux of Nebraska. The settlement included agreements the businesses cease doing business in West Virginia.”
You can read the full article by United Press here.
I guess the big question is, if you’re an Internet lender should you get involved with a Native American Indian tribe?

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